(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, the Municipality hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (1) The annual tax is levied at the following rate: a half percent (1/2%) per year for the years July 1, 1956 through December 31, 1963, one percent (1%) per year for the period January 1, 1964 through March 31, 1988, one and one-half percent (1-1/2%) per year commencing April 1, 1988 and thereafter. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Municipality. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 172.03 of this chapter and other sections as they may apply.
(2) Intentionally left blank.
(C) The tax on income and the withholding tax established by this Chapter 172 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code 718 (ORC 718). (Ord. 2015-3785. Passed 9-17-15.)